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Energy Transfer - ET Stock Forecast, Price & News

$11.81
-0.12 (-1.01%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.78
$11.93
50-Day Range
$9.54
$11.93
52-Week Range
$7.96
$12.48
Volume
10.45 million shs
Average Volume
21.80 million shs
Market Capitalization
$36.46 billion
P/E Ratio
9.45
Dividend Yield
7.71%
Price Target
$14.38

Energy Transfer MarketRank™ Forecast

Analyst Rating
Buy
3.11 Rating Score
Upside/​Downside
23.8% Upside
$14.63 Price Target
Short Interest
Healthy
3.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.07mentions of Energy Transfer in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$17.65 M Bought Last Quarter
Proj. Earnings Growth
-3.62%
From $1.38 to $1.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Oils/Energy Sector

43rd out of 251 stocks

Natural Gas Transmission Industry

2nd out of 19 stocks

ET stock logo

About Energy Transfer (NYSE:ET) Stock

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.

Energy Transfer Trading Up 2.7 %

Shares of Energy Transfer stock opened at $11.93 on Friday. Energy Transfer has a 52-week low of $7.96 and a 52-week high of $12.48. The firm has a market capitalization of $36.83 billion, a PE ratio of 9.54 and a beta of 1.90. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 0.98. The company's fifty day moving average price is $10.56 and its two-hundred day moving average price is $10.75.

Energy Transfer Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.23 dividend. The ex-dividend date is Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 7.71%. This is a boost from Energy Transfer's previous quarterly dividend of $0.20. Energy Transfer's payout ratio is presently 73.60%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Energy Transfer from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday. US Capital Advisors reissued a "buy" rating on shares of Energy Transfer in a research report on Wednesday, June 1st. Morgan Stanley boosted their target price on shares of Energy Transfer from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 26th. Finally, Royal Bank of Canada increased their price target on shares of Energy Transfer from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Energy Transfer currently has an average rating of "Buy" and an average price target of $14.63.

Insider Buying and Selling

In related news, Chairman Kelcy L. Warren purchased 1,591,092 shares of the firm's stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average price of $10.94 per share, with a total value of $17,406,546.48. Following the purchase, the chairman now directly owns 49,578,477 shares in the company, valued at $542,388,538.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Kelcy L. Warren bought 1,591,092 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average price of $10.94 per share, for a total transaction of $17,406,546.48. Following the transaction, the chairman now directly owns 49,578,477 shares of the company's stock, valued at approximately $542,388,538.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard D. Brannon purchased 26,027 shares of the business's stock in a transaction that occurred on Thursday, July 14th. The shares were purchased at an average cost of $9.47 per share, with a total value of $246,475.69. Following the completion of the acquisition, the director now directly owns 388,347 shares in the company, valued at $3,677,646.09. The disclosure for this purchase can be found here. Company insiders own 3.28% of the company's stock.

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ET Stock News Headlines

MarketBeat: Week in Review 8/1 - 8/5 (ET)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Energy Transfer Is A Value Among High-Yield Energy Infrastructure
Energy Transfer LP offers a value compared to its peers and the dividend is on track for a robust double-digit growth over the next two years.
Five (5) Stocks Under $50 With Double-Digit Upside  (ET)
It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk
Get These 3 Juicy Dividend Yields While They Last (ET)
A good strategy for this unprecedented backdrop may be to bunker down with steady dividend paying companies that are likely to trend higher as market conditions improve. Compared to what was available at the market peak, there are certainly some big dividend yields out there.
Need Yield? Energy Transfer LP Has It And More 
Energy Transfer LP (NYSE: ET) just got a price target reduction and we’re glad it did. The news brought the market back into focus and at an opportune time for income investors.
Energy Transfer (NYSE:ET) PT Raised to $14.00 at Barclays
10 Best Affordable Stocks to Buy Now
See More Headlines
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ET Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 8/19 Dividend
8/05/2022
Today
8/19/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
12,558
Year Founded
2001

Price Target and Rating

Average Stock Price Forecast
$14.63
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+21.7%
Consensus Rating
Buy
Rating Score (0-4)
3.11
Research Coverage
9 Analysts

Profitability

Net Income
$5.18 billion
Pretax Margin
6.55%

Debt

Sales & Book Value

Annual Sales
$67.42 billion
Cash Flow
$2.81 per share
Book Value
$11.24 per share

Miscellaneous

Outstanding Shares
3,086,971,000
Free Float
2,985,718,000
Market Cap
$36.46 billion
Optionable
Optionable
Beta
1.90

Key Executives

  • Mr. Marshall S. McCrea III (Age 63)
    Co-CEO & Director of LE GP, LLC
    Comp: $7.73M
  • Mr. Thomas E. LongMr. Thomas E. Long (Age 65)
    Co-CEO & Director of LE GP, LLC
    Comp: $4.51M
  • Mr. Bradford D. WhitehurstMr. Bradford D. Whitehurst (Age 47)
    Chief Financial Officer of LE GP, LLC
    Comp: $1.8M
  • Mr. A. Troy Sturrock (Age 51)
    Sr. VP, Controller & Principal Accounting Officer of LE GP, LLC
    Comp: $712.86k
  • Mr. Thomas P. MasonMr. Thomas P. Mason (Age 65)
    Exec. VP, Gen. Counsel & Pres – LNG of LE GP, LLC
    Comp: $1.92M
  • Mr. Kelcy L. WarrenMr. Kelcy L. Warren (Age 66)
    Exec. Chairman of LE GP, LLC
  • Mr. Brent Ratliff
    VP, Investor Relations
  • Mr. Kevin J. Smith
    Exec. VP













ET Stock - Frequently Asked Questions

Should I buy or sell Energy Transfer stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last year. There are currently 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ET shares.
View ET analyst ratings
or view top-rated stocks.

What is Energy Transfer's stock price forecast for 2022?

9 Wall Street research analysts have issued 1-year price targets for Energy Transfer's stock. Their ET share price forecasts range from $14.00 to $16.00. On average, they anticipate the company's share price to reach $14.63 in the next twelve months. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for ET
or view top-rated stocks among Wall Street analysts.

How have ET shares performed in 2022?

Energy Transfer's stock was trading at $8.23 at the beginning of 2022. Since then, ET stock has increased by 43.5% and is now trading at $11.81.
View the best growth stocks for 2022 here
.

Are investors shorting Energy Transfer?

Energy Transfer saw a decline in short interest in July. As of July 31st, there was short interest totaling 92,980,000 shares, a decline of 7.1% from the July 15th total of 100,100,000 shares. Based on an average daily volume of 21,430,000 shares, the short-interest ratio is currently 4.3 days. Approximately 3.8% of the shares of the stock are sold short.
View Energy Transfer's Short Interest
.

When is Energy Transfer's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ET earnings forecast
.

How were Energy Transfer's earnings last quarter?

Energy Transfer LP (NYSE:ET) posted its quarterly earnings data on Wednesday, November, 3rd. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.05. The pipeline company earned $16.66 billion during the quarter, compared to the consensus estimate of $14.96 billion. Energy Transfer had a trailing twelve-month return on equity of 11.98% and a net margin of 4.83%. During the same quarter in the previous year, the company posted $0.30 earnings per share.

How often does Energy Transfer pay dividends? What is the dividend yield for Energy Transfer?

Energy Transfer announced a quarterly dividend on Tuesday, July 26th. Stockholders of record on Monday, August 8th will be given a dividend of $0.23 per share on Friday, August 19th. This represents a $0.92 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Friday, August 5th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for ET
.

Is Energy Transfer a good dividend stock?

Energy Transfer (NYSE:ET) pays an annual dividend of $0.92 per share and currently has a dividend yield of 7.71%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 73.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ET will have a dividend payout ratio of 69.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ET.

When did Energy Transfer's stock split?

Shares of Energy Transfer split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly created shares were issued to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Kelcy L. Warren's approval rating as Energy Transfer's CEO?

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Energy Transfer own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

What is Energy Transfer's stock symbol?

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Who are Energy Transfer's major shareholders?

Energy Transfer's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (3.01%), Alps Advisors Inc. (1.89%), Tortoise Capital Advisors L.L.C. (1.39%), Natixis (1.16%), UBS Group AG (0.96%) and Kayne Anderson Capital Advisors LP (0.82%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, James Richard Perry, Kelcy L Warren, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Ray W Washburne, Richard D Brannon, Thomas E Long and Thomas P Mason.
View institutional ownership trends
.

How do I buy shares of Energy Transfer?

Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Energy Transfer's stock price today?

One share of ET stock can currently be purchased for approximately $11.81.

How much money does Energy Transfer make?

Energy Transfer (NYSE:ET) has a market capitalization of $36.46 billion and generates $67.42 billion in revenue each year. The pipeline company earns $5.18 billion in net income (profit) each year or $1.25 on an earnings per share basis.

How many employees does Energy Transfer have?

The company employs 12,558 workers across the globe.

When was Energy Transfer founded?

Energy Transfer was founded in 2001.

How can I contact Energy Transfer?

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.

This page (NYSE:ET) was last updated on 8/19/2022 by MarketBeat.com Staff

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